Global Vacation Rental Market with TripAdvisor and others 2017-2021 -
Research and Markets

The analysts forecast the global vacation rental market to grow at a
CAGR of 7.07% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the
global vacation rental market for 2017-2021. To calculate the market
size, the report considers the revenue generated from vacation rentals.

Vacation rentals offer saving opportunities in terms of rent and cheaper
food as most vacation rentals are equipped with a full kitchen. The
average cost of a vacation rental is $1,500/week or $200/night for a
3BHK. In addition, they also provide more value in terms of space and
privacy. Also, certain vacation rental businesses allow customers to
leverage their business relationships with shops, activity providers,
restaurants, and tour companies and benefit from the upgrades and
coupons. The fact that hotel room rates are rising (in the US, hotel
room tariffs recorded a growth of 5% in 2014, over 2013) has pushed the
adoption of vacation rentals further, particularly among affluent
travelers.